Illinois State Pension Has $130 Billion in Unfunded Liabilities Versus $78 Billion Funded

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Share!Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someonePrint this page

Just so Californians don’t feel totally let down by their state and local governments, Illinois is also in fiscal hell.

According to Illinois Policy.org, Illinois’ interest on their pension funds is $9.1 billion per year. And with $130 billion in unfunded liablilities (versus $78 billion in assets), Illinois is running a perpetually underwater pension plan.

 

And Illinois’ pension debt of $130 billion is being carried at a whopping 7% interest.

Can Illinois’ pension investments earn greater than 7% per annum?

Don’t worry Nancy. I have a good grasp on Illinois’ finances!!!

Wall Street Examiner Disclaimer: The Wall Street Examiner reposts third party content with the permission of the publisher. I curate these posts on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases promotional consideration is paid on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler and no endorsement of the content so provided is either expressed or implied by our posting the content. The Wall Street Examiner makes no endorsement or recommendation regarding them. Do your own due diligence when considering the offerings of third party providers.

0 comments